Resource Recycling News

Recycling industry takeaways from the final tax bill

The federal tax bill before Congress this week retains tax incentives and exemptions that could boost the recycling sector.

The final bill text was released on Friday, Dec. 15, after several days of negotiations to secure key votes in the House and Senate. The chambers previously approved their own tax bills, both of which contained provisions lauded by groups as beneficial for the recycling industry.

A conference committee with lawmakers from both chambers met to work out the differences. The final bill favors some components from the House bill and some from the Senate proposal.

The House plans to vote on the proposal today (Dec. 19) with the Senate voting shortly afterward. The votes are anticipated to fall along party lines, with Republicans in support and Democrats opposed.

Here are some of the key components of the final bill for the recycling industry, and how they differ from the previous proposals:

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